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Long Question, Explanation required Comment on company's long term solvency position, using three ratios for...

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Accounting

Long Question, Explanation required Comment on company's long term solvency position, using three ratios for year 2018. 2017 2018 Cash $980 $960 Accounts payable Accounts $950 $880Notes payable rec. Inventory $2,120$1,750 Total Total $5,050$3,590 Long-term debt $1,700$2,540 Common stock Fixed assets Total assets 1 0 RFT Corporation Statement of financial position Years ended 2017 and 2018 ($ in millions) Retained earnings $5,750$6,130 Total liabilities and Owner's equity A- B Gi I hp 111 1 Time left 1:09:24 ||| 2017 $950 $40 $990 $880 $2,225 $100 $2,030 $3,570 $505 $5,750 2018 $730 $150 A $1,580 $6,130
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Long Question, Explanation required Comment on company's long term solvency position, using three ratios for vear 5018

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